§ 283w. Increase in authorized capital stock of Bank and increase in resources of Fund for Special Operations; United States share; authorization of appropriations

Statutory text

The United States Governor of the Bank is hereby authorized to vote in favor of two resolutions proposed by the Governors at a special meeting in July 1975, and now pending before the Board of Governors of the Bank, which provide for (1) an increase in the authorized capital stock of the Bank and additional subscriptions of members thereto and (2) an increase in the resources of the Fund for Special Operations and contributions thereto. Upon adoption of such resolutions, the United States Governor is authorized to agree on behalf of the United States (1) to subscribe to ninety-nine thousand four hundred and seventy-four shares of $10,000 par value of the increase in the authorized capital stock of the Bank of which eighty-nine thousand five hundred and twenty-six shall be callable shares and nine thousand nine hundred and forty-eight shall be paid in and (2) to contribute to the Fund for Special Operations $600,000,000, in accordance with and subject to the terms and conditions of such resolutions.

There are hereby authorized to be appropriated, without fiscal year limitation, the amounts necessary for payment by the Secretary of the Treasury of (1) $1,199,997,873 for the United States subscription to the capital stock of the Bank and (2) $600,000,000 for the United States share of the increase in the resources of the Fund for Special Operations: Provided, however, That not more than $15,677,000 may be made available to the Fund for Special Operations for the fiscal year 1982.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1976
Inter-American Development Bank Act
Pub. L. 86–147 § 26 · 73 Stat. 299
Enacted · 22 U.S.C. § 283w
Pub. L. 86–147, § 26, as added Pub. L. 94–302, title I, § 101, May 31, 1976, 90 Stat. 591
Source evidence
Code source credit
Pub. L. 86–147, § 26, as added Pub. L. 94–302, title I, § 101, May 31, 1976, 90 Stat. 591
1981
Pub. L. 97–35 title XIII § 1351(c) · 95 Stat. 357
Inserted · 22 U.S.C. § 283w(b)
Pub. L. 97–35 inserted provision limiting amount of appropriations available for Fund for Special Operations for fiscal year 1982
Source evidence
Code amendment note
Subsec. (b). Pub. L. 97–35 inserted provision limiting amount of appropriations available for Fund for Special Operations for fiscal year 1982.
Enacted provision · exact public law section
(c) Section 26(b) of the Inter-American Development Bank Act (22 U.S.C 283w(b)) is amended by striking out the period and inserting in lieu thereof the following: “: Provided, however, That not more than $15,677,000 may be made available to the Fund for Special Operations for the fiscal year 1982.”.
Effective date note
Amendment by Pub. L. 97–35 effective Aug. 13, 1981, except that any funds authorized to be appropriated shall not be available for use or obligation prior to Oct. 1, 1981, see section 1372 of Pub. L. 97–35, set out as an Effective Date note under section 290i of this title.

1 of 2 references resolved to an enrolled provision · 1 partial

Editorial Notes

Amendments

1981—Subsec. (b). Pub. L. 97–35 inserted provision limiting amount of appropriations available for Fund for Special Operations for fiscal year 1982.

Statutory Notes and Related Subsidiaries

Effective Date of 1981 Amendment

Amendment by Pub. L. 97–35 effective Aug. 13, 1981, except that any funds authorized to be appropriated shall not be available for use or obligation prior to Oct. 1, 1981, see section 1372 of Pub. L. 97–35, set out as an Effective Date note under section 290i of this title.

Credits

1976–1981 · 2 acts

1976Pub. L. 86–147, § 26, as added Pub. L. 94–302, title I, § 101, May 31, 1976, 90 Stat. 591
1981amended Pub. L. 97–35, title XIII, § 1351(c), Aug. 13, 1981, 95 Stat. 744.

Show as published

(Pub. L. 86–147, § 26, as added Pub. L. 94–302, title I, § 101, May 31, 1976, 90 Stat. 591; amended Pub. L. 97–35, title XIII, § 1351(c), Aug. 13, 1981, 95 Stat. 744.)